Credit Unions Join the UK Savings Week Campaign

Thursday 12 September 2024

This week, credit unions across Britain have been promoting the UK Savings Week to raise awareness of the benefits of saving and encourage financial resilience.

The aim of the campaign is to raise awareness of the benefits of saving and help everyone save if they can – no matter who you are, your circumstances, or how big your ambitions are.

The Building Societies Association, the trade body of UK building societies and seven large credit unions, launched UK Savings Week in 2022.

Credit unions across Britain have been promoting the UK Savings Week challenge as improving the financial wellbeing of members is integral to credit unions’ core business.

At Wave Community Bank, as part of its commitment to improving financial well-being in its community, the credit union hosted a special webinar for employers during UK Savings Week. This event is designed to help businesses understand how they can support the financial health of its employees.

Shropshire based, Just Credit Union has been sharing resources, tools and hints and tips to help individuals improve their saving habits and make great financial decisions.

Also, Bedford Credit Union offers savings accounts for anyone living or working in Bedfordshire and is marking UK Savings Week with a special £100 prize draw for PrizeSaver Account holders.

Anyone with £1 or more in their Bedford Credit Union PrizeSaver Account by the end of UK Savings Week on 15th September will be entered to win, so there’s never been a better time to start saving.

“ABCUL is proud to support UK Savings Week to highlight the benefits of saving money with a local credit union,” says ABCUL CEO, Robert Kelly.  ““UK Savings Week is a perfect opportunity to highlight the importance of saving when you can do so. Whether it’s £10 or £100 a month, credit unions provide a place to keep savings safe and build long-term financial resilience.”

Latest statistics published by the Bank of England found that over 1.5 million Brits are members of a credit union with savings of over £2.3 billion.  “Credit unions are supporting more people than ever to kick-start savings habits and boost the financial well-being of families across Britain. The number of individuals in Britain who are credit union members has never been higher”.